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Business / Currencies- United States Dollar (USD)

USD/JPY Mid-Day Outlook

USD/JPY's strong rally in early US session and break of 97.25 resistance indicates that the pair has indeed bottomed out at 93.84 and rise from there has resumed. At this point, intraday bias remains on the upside as long as 96.97 minor support holds and f...
Action Forex Fri, 05 Jun 2009 08:16:26 +0100

Crude Comment 05/06/09

Yesterday, in the face of a modest weakening in the US dollar and only timid gains in the equity markets crude's ability to completely deny the previous day's sharp sell off, strongly underscores the new found optimism in the energy complex.
IB Times Fri, 05 Jun 2009 08:47:51 EDT

Canadian Employment Falters, Jobless Rate Rises to 11-Year High

USDCAD - The Canadian economy lost 41.8K jobs in May amid expectations for a 36.5K drop in employment, while the annual rate of unemployment surged to...
Daily FX Fri, 05 Jun 2009 07:25:54 -0400

Trade Idea: AUD/USD - Buy Again At 0.7960

Yesterday's recommendation to buy aussie at 0.7960 was filled at 16:15GMT and met our indicated target at 0.8070 in European morning today (high was 0.8071) that resulted in 110 points profit. Having said that yesterday's strong rebound 0.7885 indicates co...
Action Forex Fri, 05 Jun 2009 05:32:20 +0100

Rupee recovers at 47.13 per US Dollar

Mumbai, Jun 05 : Breaking the downward trend of the last three days, the Rupee today opened up by seven paise at 47.13 because of firm trading in the stock market.
Big News Network Fri, 05 Jun 2009 03:32:38 -0400

USD/CAD Daily Outlook

USD/CAD's rebound from 1.0784 was limited by 4 hours 55 EMA and weakens again. With 4 hours MACD crossed below signal line, intraday outlook is turned neutral. Note that USD/CAD is still trading well inside near term fall channel and recent fall should sti...
Action Forex Fri, 05 Jun 2009 03:56:21 +0100

AUD/USD Daily Outlook

AUD/USD's fall from 0.8262 was contained by inner channel support and recovers mildly. Nevertheless, intraday bias is mildly on the downside as long as 0.8090 minor resistance holds. Sustained break of the channel support will indicate that a short term to...
Action Forex Fri, 05 Jun 2009 03:51:26 +0100

GBP/USD Daily Outlook

GBP/USD's fall from 1.6661 extends further to as low as 1.6017 so far today and at this point, intraday bias remains on the downside 1.5778 cluster support (38.2% retracement of 1.4395 to 1.6661 at 1.5795) first. Break there will confirm that a short term ...
Action Forex Fri, 05 Jun 2009 02:39:53 +0100

Rupee ends weak by 13 paise at 47.20 per US dollar

Mumbai, Jun 4 : The Rupee depreciated by 13 paise for the third consecutive day today to 47.20 against the US dollar on sustained buying by exporters and others.
Big News Network Fri, 05 Jun 2009 01:22:49 -0400

Trade Idea: USDJPY - Buy On Break Of 97.30 - Forexrazor

Trade Idea: USDJPY - Buy On Break Of 97.30Forexrazor, FLHigh-Risk Warning Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be awa...
Info 5000 Fri, 5 Jun 2009 01:56:59 PDT

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